French Telecom Giant Throws $80 Million Into Dailymotion
French telecommunication giant Orange has purchased a 49 percent stake in the Web video site Dailymotion for 58.8 million euros—roughly $80 million.
Dailymotion, something of a YouTube pretender, reaches around 7.5 million unique monthly users in the U.S., according to Compete. However, the site has a much larger audience in Europe—and the company claims a total of 93 million uniques across the globe.
As part of the deal, starting in 2013, Orange has an option to purchase 100 percent of the company or seek new business partners.
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